World War 1 impact of war bonds and war industries?

Answer 1

World War I significantly transformed the economy through the issuance of war bonds and the expansion of war industries. War bonds mobilized financial support from the public, enabling governments to fund military operations and industrial production without immediate tax increases. Simultaneously, war industries, driven by government contracts, expanded rapidly, leading to innovations in manufacturing and technology, while also creating jobs and boosting the economy. This industrial growth laid the groundwork for future economic shifts and the rise of a more interventionist government role in the economy.